Simbaholi Sugars Opens Special Window for Transfer and Dematerialization of Old Physical Securities
Simbhaoli Sugars Ltd has initiated a special window allowing shareholders to transfer and dematerialize physical securities that were originally acquired before April 01, 2019. This initiative is designed to facilitate the transition of these legacy shares into digital form.
The special transfer and dematerialization window has been opened for a period of one year, running from February 05, 2026, to February 04, 2027. The company has extended this opportunity not only for initial transfers but also for resolving previous instances where transfer requests were submitted but were rejected, returned, or remained pending due to documentation deficiencies or procedural requirements.
The securities transferred under this special window must be credited exclusively in dematerialized (Demat) form into the transferee's designated account. A mandatory lock-in period of one year is applicable, starting from the date of transfer registration. During this lock-in period, the concerned securities are restricted and cannot be pledged, lien-marked, or transferred.
To successfully avail of this facility, shareholders must adhere to specific procedures. The lodger(s) must possess the original share certificate(s) and submit all prescribed documents along with these certificates to the Company's Registrar and Share Transfer Agent (RTA).
Key requirements for transfer and dematerialization:
| Feature | Detail |
|---|---|
| Eligible Shares | Physical securities bought or sold prior to April 01, 2019. |
| Window Duration | February 05, 2026, to February 04, 2027. |
| Transfer Type | Must be credited in Dematerialized (Demat) form. |
| Post-Transfer Rule | Subject to a one-year lock-in period from registration date. |
The company noted that cases involving disputes between the transferor and the transferee are not eligible under this special window. Such disputes must instead be resolved through the appropriate judicial forum, such as the Court or the National Company Law Tribunal (NCLT), as applicable.
Eligible shareholders intending to utilize this opportunity are required to submit their completed transfer requests before February 04, 2027.
SIMBHALS Stock Price Movement
Today, shares of Simbhaoli Sugars Limited edged higher to settle at ₹6.92 after gaining 2.37%. The stock saw brisk trading today, with a volume of 6,754 shares recorded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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